FCEPL sees strong Q1 with 63% profit jump YoY

MG News | April 21, 2025 at 03:38 PM GMT+05:00

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April 21, 2025 (MLN): FrieslandCampina Engro Pakistan Limited (PSX: FCEPL) posted a robust 63% year-on-year (YoY) growth in net profit for the quarter ended March 31, 2025, clocking in at Rs1.08 billion [EPS: Rs1.42], up from Rs664.77 million [EPS: Rs0.87] in the same period last year.

The company’s revenue from contracts with customers declined slightly by 5.3% to Rs26.02bn, down from Rs27.46bn in Q1 2024.

However, cost of sales fell more sharply by 6.85% YoY, allowing gross profit to improve marginally by 2.5% to Rs4.75bn.

Administrative expenses rose 23.3% YoY to Rs527.14m, while distribution and marketing expenses dropped 13.5% to Rs1.88bn.

Other operating expenses surged 124% YoY to Rs233.84m.

Notably, other income more than doubled, increasing 183.7% YoY to Rs110.48m, supporting overall profitability.

Finance costs decreased significantly by 53.2% YoY, standing at Rs404.94m, likely due to better cash flow management and lower borrowing costs.

Profit before tax stood at Rs1.82bn, reflecting a strong 64.4% YoY increase, while taxation also rose by 66.1% to Rs732.49m.

Condensed Interim Statement of Profit or Loss (Unaudited)
Description	Mar-25	Mar-24	%Change
Revenue from contracts with customers - net	26,015,514	27,463,601	-5.27%
Cost of sales	(21,267,375)	(22,832,037)	-6.85%
Gross profit	4,748,139	4,631,564	2.52%
Distribution and marketing expenses	(1,875,446)	(2,167,800)	-13.49%
Administrative expenses	(527,135)	(427,634)	23.27%
Other operating expenses	(233,841)	(104,405)	123.97%
Other income	110,482	38,946	183.68%
Operating profit	2,222,199	1,970,671	12.76%
Finance costs	(404,935)	(864,996)	-53.19%
Profit before taxation	1,817,264	1,105,675	64.36%
Taxation	(732,486)	(440,902)	66.13%
Profit for the period	1,084,778	664,773	63.18%
Earnings per share - basic and diluted	1.42	0.87	63.22%

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